NEW YORK, 01 July 12, 2022 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).
The following dates apply to distributions:
|Registration Date||July 15, 2022|
|Ex-dividend date||July 14, 2022|
|Payment date||July 29, 2022|
|Closed-end fund name||Distribution
|AVK||Advent Convertible and Income
|GBAB||Guggenheim Taxable Municipal
Bond and investment grade debt
|GUG||Guggenheim Active Allocation
† A portion of this distribution is deemed to be a return of capital rather than income. The final determination of the nature of the distributions will be made at the end of the year. The Section 19(a) notice referenced below provides more information and may be viewed at www.guggenheiminvestments.com.
You should not draw any conclusion about the Fund’s investment performance from the amount of such distribution or the terms of the Fund’s distribution policy.
Past performance is not indicative of future performance. As of this announcement, distribution sources for each fund are estimates. Distributions may come from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or returns of capital. Unless otherwise specified, the above distributions are not expected to include returns of capital. If a distribution consists of anything other than ordinary income, a notice under Section 19(a) detailing the intended source(s) of the distribution will be made available. Notice under Section 19(a) will be posted on a Fund’s website and with the Depository Trust & Clearing Corporation so that brokers can distribute such notices to Shareholders of the Fund. Section 19(a) notices are provided for informational purposes only and not for tax reporting purposes. The final determination of the source and tax characteristics of all distributions will be made after the end of the year. This information does not constitute legal or tax advice. Consult a professional regarding your specific legal or tax issues.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with over $252 billion* of assets under management in bond, equity and alternative strategies. We focus on the return and risk needs of insurance companies, private and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers and high net worth investors. Our more than 250 investment professionals conduct rigorous research to understand market trends and identify undervalued opportunities in often complex and under-tracked areas. This approach to investment management has enabled us to deliver innovative strategies that offer opportunities for diversification and attractive long-term results.
Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”), Guggenheim Partners Investment Management, LLC (“GPIM”), Guggenheim Funds Distributors, LLC (“GFD”) and Guggenheim Partners Advisors, LLC (“GPA”). GFIA serves as investment advisor to GBAB, GOF and GUG. GPIM and GPA act as investment sub-advisors to GBAB, GOF and GUG. GFD serves as a service agent for AVK. AVK’s investment advisor is Advent Capital Management, LLC and is not affiliated with Guggenheim.
* Assets under management are as of 31.03.2022 and include leverage of $20.0 billion. Guggenheim Investments represents the following investment management affiliates of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Partners Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Fund Management (Europe) Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC and Guggenheim Partners India Management.
This information does not represent an offer to sell securities of the Funds and does not solicit an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. Investments in the Funds involve expenses and operating costs. The net asset value of the Funds will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade at market value, not net asset value, and closed-end funds often trade at a discount to net asset value. Past performance is not indicative of future performance. An investment in closed-end funds is subject to investment risk, including the possible loss of the entire amount you invest. Some general risks and considerations associated with investing in a closed-end fund may include: Investment and market risk; Lower Quality Securities Risk; Equity risk; Foreign securities risk; interest rate risk; Liquidity risk; Derivative risk; Management risk; Anti-takeover provisions; Market Disruption Risk and Leverage Risk. See www.guggenheiminvestments.com/cef for a detailed discussion of the specific risks of the Fund.
Investors should take into account the investment objectives and policies, risk considerations, fees and expenses of any investment before investing. For this and more information, visit www.guggenheiminvestments.com or contact a securities representative or Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.
William T. Korver
Not FDIC Insured | Not guaranteed by the bank | May lose value
Member FINRA/SIPC (7/22) 53111